AXS has been trading within a falling wedge pattern—a classic bullish reversal setup. Recently, the price broke above the upper resistance line of the wedge, indicating a potential trend reversal.
This breakout is supported by a long-term downtrend losing momentum, and a breakout confirmation through a retest may be forming. If the breakout holds, we could see a bullish move toward the next key resistance zone around 6.50 USDT, which is our primary target.
📌 Setup Summary:
Pattern: Falling Wedge (Bullish)
Breakout: Confirmed
Target: 6.50 USDT (TP)
Risk Management: Watch for price action near the retest zone
This setup aligns with our smart bot strategy which identifies breakout patterns and entry points automatically. Stay tuned for updates!
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"🤖 Smart Trading Bots | 🚀 Advanced Market Analysis & Strategies | Helping You Trade Smarter, Not Harder!"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.